⛽ META Pumps & Rates Hike
Discover more from investing.io
⛽ META Pumps & Rates Hike
Facebook pumps over 28%, interest rate hikes in the US and Europe, Onfolio gets a buy rating and 5 more Flippa Deals. Plus updates on the markets, online business, startups, crypto and real estate.
MARKETS UPDATE
The U.S. Federal Reserve delivers an expected 25 basis point hike, whereas the European Central Bank goes with a 50 basis point hike, the 10th in a row, and pledges yet another next month. But like the Fed, the ECB is close to a pause.
Powell warned that the Fed can't shield the US economy from a debt default. Large company bankruptcy filings have surged to the highest level since 2010.
Facebook ($META) shares pump due to resilient revenue, $40B of share buybacks and Zuckerberg promising a ‘year of efficiency’.
Chart of the day
ONLINE BUSINESS UPDATE
GPT-4 is coming to Bing, providing faster, more human-like answers and making it more of a threat to Google's search engine monopoly. Plus ChatGPT releases a $20/m subscription plan.
Search Engine Land’s SEO 2022 in review focussed on E-E-A-T, ChatGPT, Search Essentials.
EF Hutton gave digital business portfolio company Onfolio ($ONFO) a buy rating and a price target of $3.
Sponsored Ad
Find Your Match ✨
Will you find the one?
Fully automated loan service business
💰 $134.4K monthly profit
📈 99% profit margin
👉 4 years old
💰 $2.3K monthly profit
📈 88% profit margin
👀 1.9M views per year
PrestaShop Hosting and Development SaaS
💰 $14.7K monthly profit
⏳ $1.3K customer lifetime value
👉 16 year old
💰 $35.8K monthly profit
🛒 $83 average order value
👉 9 year old
💰 $4.2K monthly profit
📈 86% profit margin
👏 46 authority score
Want more?
STARTUPS UPDATE
Addressable, a digital fingerprinting startup that claims can match crypto wallets with social media accounts has raised $7.5 million in seed funding.
Doug DeMuro’s Cars & Bids auction site raised $37M from The Chernin Group.
Hnry, the bookkeeping platform for contractors and freelancers, raised a $35M Series B round, bringing the total raised to $53M.
CRYPTO UPDATE
FTX had around $1.4B is cash at end of 2022, which was 19% higher than the amount reported in their bankruptcy filing in November.
Coinbase wins dismissal of a lawsuit alleging it sold unregistered securities on its platform.
The UK sets out plans to regulate crypto industry after the FTX collapse. The proposals include strengthening rules on crypto lending.
REAL ESTATE UPDATE
Freemodel, a pre-sale home rennovation startup, raised a $19.5M Series A round led by QED Investors.
Oxford Economics predicts real estate prices in Canada to drop a further 30%, with the worse case being a return to 2014 values.
Declining property values are creating a $55B funding shortfall in Europe, a problem for property owners looking to refinance their debt.
🤑 Other Investing Newsletters
#1 Sahil Bloom’s “The Curiosity Chronicle”
Join 225,000 others who receive actionable ideas to help you build a high-performing, healthy, wealthy life.
#2 The Daily Upside
A free unbiased newsletter covering the world of business, finance, economics, and investing.
#3 The Average Joe
Join 45,000 others who receive "IKEA Instructions for Investing", market trends & insights. And memes… always memes.
Interested in sponsoring our newsletter?
You'll find all the details here.
That’s it for this week. If someone forwarded this letter to you, you can subscribe below:
Not financial, investing or tax advice. This newsletter is strictly for information, entertainment and education purposes. Nothing in here is investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your professional advisors. Do your own research.